María is a member of the “PRODE” community bank. This group is made up of 7 friends from the same area. María is 41 years old and has 2 children. She works selling meat in her community's market. She also has a store in her house where she works in the afternoon. Her work is very difficult because she does it every day of the week and has no time off. Thanks to her hard work she has been able to offer her children financial stability and an education. Her biggest dream is for them to have good careers. With her business, she would like to keep investing in it. With the loan she has asked for she will be able to buy meat wholesale to stock her business. In the future she also wants to keep improving the construction on her home.
María wants to say: "thank you very much for supporting our communal bank!". In the photo, she is the woman in a striped sweater (red and gray).
María es integrante de la alcancía “PRODE”, esta alcancía está conformada por 07 amigos, todos trabajadores de la misma zona. María tiene 41 años es separada con 02 hijos jóvenes, ella trabaja vendiendo carne en el mercado de su localidad, también tiene una bodega en su casa donde atiende por las tardes, su trabajo es muy sacrificado porque lo realiza todos los días de la semana y no tiene descanso, gracias a su esfuerzo ha podido brindarle a sus hijos estabilidad económica y estudios, su mayor sueño es que sus hijos sean profesionales. En cuanto a su negocio le gustaría seguir invirtiendo en él, con el préstamo solicitado podrá comprar carne al por mayor para poder abastecer su negocio, mas adelante también quiere seguir mejorando la construcción de su casa.
María quiere decir ¡Muchas gracias a todos por apoyar a nuestro grupo Comunal! En la foto es la señora que viste chompa a rayas (rojo con plomo)
EDAPROSPO seeks to use micro-credit to foster productive commercial activity for the sake of economic and social development within vulnerable urban and rural sectors traditionally neglected by commercial banks. By offering innovative products such as technical education loans and microfinance groups for young people, EDAPROSPO helps disadvantaged Peruvians lift themselves out of poverty.
This is a Group Loan
In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.
Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.